| All rights reserved - Core Position Trading, LLC-2022 | ||||
 | NEW PMCC TRADE | |||
| PMCC COVERED CALL TRADE WAS OPENED TODAY | OPEN | |||
 | TIME AND DATE STAMP | |||
| Thursday, March 3, 2022 | ||||
| DISCLAIMER: This trade is based on this date. I'm not suggesting a move up or down. I'm showing my trade that I have already done. I'm not recommending this stock as a purchase/trade. Think of it like this, I'm 'Showing you the World thru my Eyes'. | ||||
| This (36) day trade begins and ends for the dates below | ||||
| 36 | March 3, 2022 | April 8, 2022 | ||
| DETAILS FOR THIS COVERED CALL TRADE ARE AS FOLLOWS | ||||
| Today, (3) Covered Call contract(s) were sold (ticker: GILD) for the 44659 Expiration Date, $65 Strike Price for a Premium of 1.34 > GILD was trading for $61.68 a share. | ||||
| Details of this 30 Day CCW / ~30 DELTA Strike | $402.00 | |||
| EXPIRATION DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Apr-8 | 3 | $65.00 | $1.34 | $402.00 |
| WHY I OPENED this PMMC CCW - wanting to continue the PMCC trade ... well, needing to as Im down on my LEAPS option ... this 30 Delta 30 Day trade pays a decent premium and I want to keep it going and I dont think the strike will be challenged. | ||||
| DAYS | 36 | DELTA | .30 | YES |
| Details LEAP Call option I'm using for this PMCC | ||||
| SYMBOL | LEAP | STRIKE | PAID | INVESTMENT |
| GILD | Jan2023 | $50.00 | $19.20 | -$5,760.00 |
| CONTRACTS | 3 | DELTA | 0.97 |  |
| PMCC Golden Rule - BUY the ~80 or greater DELTA | ||||
| How is the LEAP Call Option preforming at this moment | ||||
| As of this post, this is the MID PRICE VALUE for my LEAP Call Option | ||||
| WHAT I PAID | CURRENT MID PRICE | .+/- % | ||
| $19.20 | $14.75 | -23.18% | ||
| NOTE: THIS IS NOT FACTORED INTO ANY CALCULATIONS ... just showing | -$1,335.00 | |||
| DETAILS [ LEAP PURCHASE + ALL CCW PROFITS/LOSSES] | ||||
| TRADES | INVESTED | MADE | Cash on Cash % | |
2 | -$5,760.00 | $741.00 | 12.86% | |
| How have I done with all trades using this LEAP? | $339.00 | |||
| DATE | CONTRACTS | STRIKE | PREMIUM | CASH PROFIT |
| Jan-20 | 3 | $72.50 | $0.87 | $261.00 |
| WHY I CLOSED this PMCC CCW Trade > with just 0.04 left of this $0.90 cent CCW ... we buy back and look for another 30 day trade to keep this rolling. | ||||
| Feb-8 | 3 | $69.00 | $0.26 | $78.00 |
| WHY I CLOSED this PMCC CCW Trade > GILD is not going to get to $69 and this 0.08 cents is just sitting there ...so we buy back and look to ROLL | ||||
| Trading stocks and options have risk. Required reading prior to placing money at risk with options is the ODD which is posted below. "The Characteristics & Risks of Standardized Options" Prior to buying or selling an option, investors must read a copy of the Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD). It explains the characteristics and risks of exchange traded options. | ||||
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| Feel free to email me if you have questions and/or concerns about this post - corepositiontrading@gmail.com - I usually will get back with you in 48 hours or sooner | ||||
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